Adults Toys Merchant Account with Retain you Adult Industry Leads

by Amald 01 business services

The term “adult toys” refers to a broad category of vivid devices and instruments used before or during sex. Toys, lingerie, edible clothing, chains, whips, masks, and other items are examples of products.

In recent years, the risky industry has grown at an unprecedented rate. From 2020 to 2025, the sex toys market share is expected to increase by 17.58 billion USD. With the market’s growth momentum accelerating at a CAGR of 12.63 percent.

High-Risk Merchant Account Factors

With that popularity has come the growth of an industry that sells these items both in-store and online. To better understand the turmoil of adult merchant processing, we must first understand the industry.

The expansion of the adult industry into the digital marketplace has led to high demand for merchant accounts among adult merchants. Adult merchant accounts are generally classified as “high-risk” merchant accounts in the credit card processing industry. Many merchant account providers will therefore refuse to offer credit card processing for adult entertainment businesses.

This is due to a variety of factors. Some processors are concerned that adult entertainment merchants are acting as fronts for illegal activity. Furthermore, online adult merchants may also have a high chargeback rate.

The adult toy industry is merely one highly profitable significant proportion of adult businesses. Finding a payment processor that will approve adult businesses for online merchant accounts, on the other hand, is like looking for a needle in a haystack. Adult merchants are frequently denied by domestic acquiring banks for selling such controversial goods.

We at Amald recognize the need for adult toy merchant accounts, which is why we have built a large network of offshore and international acquiring banks willing to approve such high-risk merchants in the adult toy industry.

How to process your application for setting up the Adult Toys Merchant Account?

Some banks and financial institutions will not approve you for a merchant account. It is because of the nature of the high-risk industry. Here is a list of certain documents that are mandatory to process the application for getting the merchant account facility.

  • Business and Marketing Strategy
  • Valid Photo ID or Passport
  • Proof of Domain Ownership:
  • Personal Utility Bill
  • History of Credit Card Processing
  • Personal Bank
  • Adult Toy Merchant Account Application
  • Business License

When your merchant account service provider receives the above documents, he or she will match you with the best acquiring bank for your company’s credit card processing requirements. After your adult toy merchant account is approved by the acquiring bank, your PSP will send you a contract to read and sign. We at Amald work hard to get you up and running as soon as you return the signed banking contract.

Accept Credit Cards for your Adult business

When it comes to selecting a credit card payment provider, online adult businesses are under increased industry pressure. Adult processing solutions are classified as “high-risk” by merchant account providers, and the number of adult processing solutions on the market is shrinking month by month. Adult Merchants are being forced to accept low-standard processing solutions for their legitimate online adult-related businesses as the number of accredited providers decreases.

The high fees, combined with insufficient billing models, make it nearly impossible for many adult merchants to run a profitable adult business. Adult clients must have access to a standard set of features with their processing solutions. Adult Merchant Accounts should include no volume restrictions, recurring billing, free trial processing, multi-currency conversion, and easy application form submission.

Finding solutions that can provide this can be difficult at times, but it will ensure the long-term success of adult businesses, whether they sell physical goods and toys or simply subscription services.

The sex toy industry is still in its infant stages, having only been around for a decade. The Indian sex toys market is divided into three segments: product, end-user, and region. Furthermore, the appeal of purchasing sex toys without the scrutiny of judgmental eyes in the open is fueling the rapid growth of the country’s online business.

Amald is a merchant account provider that can offer both domestic and offshore merchant accounts to high-risk merchants, including adult businesses.

The company specializes in high-risk credit card processing for adult merchants. Amald offers an online payment gateway, a virtual terminal, customized reporting, and merchant cash advance. We also assist the merchant with an Adult Merchant Account to help them with having efficient payment solutions for their business.

Original Content Taken From Our Website : Adults Toys Merchant Account with Retain you Adult Industry Leads

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Created on Jan 15th 2022 01:34. Viewed 116 times.


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